BEIJING: China’s economy continued to develop in 2022 despite downward pressures, with GDP reaching a new level at 121.02 trillion yuan ($17 trillion) to grow 3 percent annually, according to the National Bureau of Statistics (NBS) on Tuesday.
NBS said employment and prices were generally stable while food and energy security as well as people’s livelihood were effectively safeguarded. Meanwhile, the country retained sustained high-quality development while overall economic and social stability was maintained. The country’s fundamental agricultural position was further consolidated. In 2022, the annual grain output was 68.65 billion kilograms, an increase of 0.5 percent over the previous year, maintaining a stable rate for the eighth consecutive year.
Industrial production remained a prominent “ballast” for China’s economic development. In 2022, the added value of all industries exceeded 40 trillion yuan for the first time. Among these, the added value of the manufacturing industry reached 33.5 trillion yuan, and China continued to retain its status as the world’s largest manufacturer.
Infrastructure construction was strengthened. By the end of 2022, China’s railway operating mileage reached 155,000 kilometers. Of which, high-speed rail reached 42,000 kilometers, ranking first in the world.
The added value of the primary sector was 8.83 trillion yuan, up by 4.1 percent compared to 2021. Meanwhile, the added value of the secondary industry was 48.32 trillion yuan, up by 3.8 percent year on year, and 63.87 trillion yuan for the tertiary industry, rising 2.3 percent. The primary industry accounted for 7.3 percent of the GDP, while the secondary and tertiary industries took up 39.9 percent and 52.8 percent, respectively.
The total value added of major industrial enterprises increased by 3.6 percent over the previous year. The value added of the high-tech manufacturing went up by 7.4 percent, accounting for 15.5 percent of the added value of major industrial enterprises.
–The Daily Mail-CGTN news exchange item
